https://www.taxtmi.com/caselaws?id=391501 The court found the search and seizure conducted under Section 132 of the Income Tax Act to be unlawful due to the absence of a valid "reason to believe" and non-compliance with procedural requirements. It ordered the immediate return of the seized jewellery to the Petitioner, emphasizing the Respondents' lack of authority to retain it beyond the statutory period. Additionally, the court imposed costs of Rs. 50,000 on the Respondents for their arbitrary actions, payable to the Delhi Legal Service Authority, to deter unwarranted search and seizure activities. en-us Thu, 09 Jan 2020 00:00:00 +0530 Tue, 21 Jul 2020 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391501 The court found the search and seizure conducted under Section 132 of the Income Tax Act to be unlawful due to the absence of a valid "reason to believe" and non-compliance with procedural requirements. It ordered the immediate return of the seized jewellery to the Petitioner, emphasizing the Respondents' lack of authority to retain it beyond the statutory period. Additionally, the court imposed costs of Rs. 50,000 on the Respondents for their arbitrary actions, payable to the Delhi Legal Service Authority, to deter unwarranted search and seizure activities. Case-Laws Income Tax Thu, 09 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391501